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Virtual Mind Holding Company Limited ( (HK:1520) ) just unveiled an announcement.
Virtual Mind Holding Company Limited has signed an investment cooperation agreement with Saudi-based investor Mr. Sami Abdullah A1Shammary to establish a joint venture in the Kingdom of Saudi Arabia focused on the industrial IP sector, including smart manufacturing and robotics-as-a-service under the frameworks of the Saudi Ministry of Industry. The new limited liability company will have registered capital of US$1 million, with Virtual Mind holding a 90% stake and Mr. Sami 10%, and is intended to support the group’s strategic expansion into industrial applications, enhance its presence in a key growth market, and ultimately generate additional returns for shareholders by aligning with its broader AI and Web3-driven growth strategy.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.90 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is a technology-focused group with extensive experience in AI and Web3, developing a smart new consumption ecosystem that spans sports, cultural tourism, entertainment and related sectors. The company has been actively seeking to broaden its business footprint by leveraging these technologies to tap into emerging digital and industrial applications.
Average Trading Volume: 2,905,462
Technical Sentiment Signal: Hold
Current Market Cap: HK$875.7M
See more data about 1520 stock on TipRanks’ Stock Analysis page.